COBALT advised
PRFoods is a leading fish and fish products manufacturer and wholesaler, which is listed on the
The public offering of notes was the second stage of PRFoods' note issue in January this year, PRFoods carried out a private placement of notes in
Altogether 133 Estonian investors participated in the public offering, who (together with PRFoods itself) subscribed for a total of 8,904 notes with the aggregate nominal value of
Together with carrying out the public offering, PRFoods also successfully applied for the listing of all issued notes, i.e. altogether 100,000 notes, with the aggregate nominal value of
Although the term of the public offering coincided with the COVID-19 pandemic and as a result, with one of the most volatile and difficult periods in the history of financial markets, PRFoods was able to successfully carry out the public offering and listing. With the note issue, PRFoods raised more funds than initially planned, refinanced its existing liabilities in the planned extent and provided to Estonian investors a new attractive investment opportunity.
COBALT's team for this project consisted of partner
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